What are the responsibilities and job description for the Asset Manager position at Jackson Square Properties?
OVERVIEW :
Based in San Francisco, Jackson Square Properties (JSP) is a private equity real estate investment company that specializes in multi-family properties. The company has grown to over seventy communities and 19,000 units. JSP focuses on the acquisition and management of large apartment complexes nationally. As a small and entrepreneurial company, JSP will offer candidates the opportunity to be involved in all aspects of portfolio management.
OBJECTIVES :
The primary function of the Asset Manager is to assist in all aspects of the administrative, financial, capital and operations of the assigned portfolio.
ESSENTIAL FUNCTIONS :
This position is dynamic and the role changes as the business and macro-economic conditions change. In general, the position is responsible for the following.
- Oversee third party property managers and portfolios.
- Ability to travel up to 30% of time in central / mountain and western United States.
- Propose goals and objectives for each property.
- Assist in the preparation and approval process of property operating budgets.
- Monthly, quarterly and annual reporting of the portfolio.
- Oversee the design and implementation of the Capital and Renovation plans for each region in conjunction with the in-house Construction Manager.
- Work with lenders to coordinate escrow draws, green repairs, benchmarking and required forms.
- Monthly review of operating statements.
- Assist in the due diligence and underwriting of potential acquisitions.
- Financial analysis, market studies and industry standard reporting (i.e. variance reporting, discounted cash flows, IRR's, etc.)
- Ability to work in a fast-paced work environment which requires strong leadership, communication and decision-making skills.
- Strong independent work skills with the ability and tact to follow direction as given.
CONTACTS AND LIAISONS :
This position will come in contact with senior management, vendors, etc. Diplomacy, tact, and a helpful, positive, professional presentation and attitude are required. The correct individual will be self-motivated to fill downtime with learning about the existing portfolio, they will have a high level of integrity with both their time as well as with their mannerisms, they will have a personality that thrives in an unstructured environment that provides a variety of opportunities and responsibilities. Finally, the proper candidate must have the ability to listen and grow in a fast-paced environment.
TRAINING & EDUCATION :
Bachelor's degree required with a concentration in business, finance, accounting and / or real estate.
EXPERIENCE & SKILLS :
Five to seven years of senior property management, asset management or Multifamily Real Estate experience required
COMPENSATION :
Competitive salary with a generous benefits package that includes health and 401K options. No relocation package is offered. EOE
ADDITIONAL CONSIDERATIONS :
Jackson Square Properties is headquartered in the San Francisco Bay Area and currently observes a hybrid work schedule. After an initial training period, remote work in Portland or Seattle areas may be considered.